Leanne Clements has taken over the role of Responsible Investment Manager at the Pension Protection Fund (PPF) that was left vacant by the death late last year of Ebba Schmidt.
Schmidt died last November after a battle with cancer and Clements, a close friend, will join the £20bn UK pension lifeboat scheme after leaving her Responsible Investment Officer role at the West Midlands Pension Fund last month.
“I have taken over Ebba’s old role. She will never be replaced, but I will do my best to build upon her excellent work here,” Clements said.
Before joining West Midlands, Clements was at the London Pensions Fund Authority (LPFA). Before that she was at governance research firm PIRC where she was an Engagement Consultant and Governance Researcher.Emma Hunt of Hermes Equity Ownership Services called Schmidt “one of our most loved responsible investment professionals and a tour de force within the industry”.
The PPF, based in Croydon south of London, is committed to responsible investment across its portfolio. “We believe that our responsible investment (RI) strategy helps us manage the environmental, social and governance risk in our portfolio and aligns us with the evolving regulatory and policy framework in the UK. Furthermore, it opens opportunities to pursue sustainable investment performance,” the body says.
The PPF is headed by CEO Alan Rubenstein, the former Morgan Stanley and Lehman Brothers executive who is a former Vice-Chairman of the National Association of Pension Funds (now PLSA).